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The Dow Jones Industrial Average (DJIA) gained another 400 points on Wednesday, clawing back recent losses and testing back above the 47,500 level.

The AUDUSD is stretching to a new high and in the process has moved above the 100 and 200 bar MAs on the 4-hour chart between 0.64983 and 0.6509. That is now close support for traders.

The price is testing a swing area between 0.6514 and 0.6518 at the highs and need to break above that area to give the buyers more confidence. A move above that level would then target the 100 day moving average at 0.65325.

The video above outlines the levels in play and explains the risk and the targets.

This article was written by Greg Michalowski at investinglive.com.

West Texas Intermediate (WTI) Crude Oil trades little changed on Wednesday, hovering near one-month lows as traders show a muted reaction to the latest US Energy Information Administration (EIA) report.

Workday shares fell as analysts lowered their price targets for the software maker after the company revised its full-year subscription revenue forecast.

Baker Hughes oil rig count fell sharply by -12 to 407.

Natural gas rigs rose 3 to 130

Total rigs fell -10 t0 544,

It makes you wonder if the lower prices are taking some of the marginal oil rigs offline.

This article was written by Greg Michalowski at investinglive.com.

United States Baker Hughes US Oil Rig Count: 407 vs previous 419

Disney’s “Zootopia 2” and Universal’s “Wicked: For Good” are set for strong Thanksgiving box office haul, but not as big as 2024’s record-breaking tally.

The price of bitcoin has been under pressure since reaching the last peak on October 27 near $116,381. Since then the price has moved down to a low price of $80,533 – reaching that level on November 21.

The move back to the upside extended up to $89,222 on Monday’s trade and the price has just reached just short of that the level at $89,156. A move above that level should open the door for further upside momentum.

Technically, the price extended back above its falling 100 hour moving average on Sundays trade and has used that moving average as a support level (with some modest breaks here and there) since that time. However, the 200 hour moving average has been a topside resistance level as well.

In the current hourly bar, the price finally broke above that 200 hour moving average (Green line on the chart above). The break above the moving average at $87,691, gave the buyers the go-ahead to push to the upside.

The current price is now trading above Monday’s high – reaching a new intraday high $89,698. Buyers are making a play. Can they keep the momentum going? The next target comes in at the 38.2% retracement of the move down from the October high at $94,229.

This article was written by Greg Michalowski at investinglive.com.

The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) on Wednesday despite a broadly weaker Greenback.

The Atlanta Fed GDPNow guesstimate for 3Q growth failed to 3.9% from 4.0% just yesterday. In their own words:

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 3.9 percent on November 26, down from 4.0 percent on November 25. After this morning’s advance durable manufacturing report from the US Census Bureau, the nowcast of third-quarter real gross private domestic investment growth decreased from 4.4 percent to 3.5 percent.

The next GDPNow update is Monday, December 1.

This article was written by Greg Michalowski at investinglive.com.